Insights on the Automotive Aftermarket Global Market to 2031 – Customer Inclination Toward Installation of Advanced Components in Vehicles Drives Growth – ResearchAndMarkets.com


Dublin–(business wire)–“Automotive Aftermarket by Application, Distribution, Vehicle Type and Location: Global Opportunity Analysis and Industry Forecast, 2021-2031” report added. of ResearchAndMarkets.com Recruitment.

According to this report, the automotive aftermarket will be valued at $438.7 billion in 2021 and is estimated to reach $828.2 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

Aftermarket refers to the secondary market of the automotive industry that involves manufacturing, remanufacturing, distribution and retail. The aftermarket offers customers a variety of options to service, maintain, or customize their vehicle. The aftermarket is gaining momentum as there is a trend to install advanced components in vehicles to improve vehicle comfort and ensure safety while driving.

Moreover, the global automotive industry has undergone a major transformation in the last few years. Increased customer orientation is expected to lead to growth in aftermarket services, which in turn is expected to lead to market growth in the future.

Additionally, the COVID-19 pandemic has forced automakers to focus on developing alternative sales channels with minimal contact. Consumer trend toward online sales channels is expected to significantly enhance the demand for automotive aftermarket during the forecast period due to its ease.

Growth drivers, restraints, and opportunities are explained in the report for a better understanding of market dynamics. The report further highlights key areas of investment.

Additionally, Porter’s five forces analysis is included to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by the leading market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase market share and maintain fierce competition in the industry.

Main advantage

  • This report provides quantitative analysis of the market segments, current trends, estimations and dynamics of automotive aftermarket analysis from 2021 to 2031 to identify common automotive aftermarket opportunities.

  • Market research is provided with information related to key drivers, restraints, and opportunities.

  • Porter’s five forces analysis highlights the potential of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen supplier-buyer networks.

  • A detailed analysis of the automotive aftermarket segmentation will help determine the prevailing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global market.

  • Market participant positioning facilitates benchmarking and provides a clear understanding of the current position of market participants.

  • This report includes an analysis of regional and global automotive aftermarket trends, key players, market segments, application areas, and market growth strategies.

Major market segments

by application

  • Infotainment and multimedia

  • engine component

  • tires and wheels

  • Electric appliances

  • Seat/steering cover

  • others

By distribution

Vehicle type

  • motorcycle

  • passenger car

  • commercial vehicle

By position

  • external accessories

  • internal accessories

By region

  • North America

  • Mexico

  • we

  • Canada

  • Europe

  • Germany

  • France

  • Russia

  • Netherlands

  • England

  • Poland

  • Spain

  • rest of europe

  • Asia Pacific

  • Rest of Asia Pacific

  • China

  • India

  • Japan

  • Korea

  • ASEAN

  • Ramea

  • Saudi Arabia

  • South Africa

  • Remains of Ramea

  • Brazil

  • United Arab Emirates

major market players

  • alpine electronic

  • Bridgestone Corporation

  • continental

  • Denso Corporation

  • ford motor company

  • Harman International

  • Hella KGaA Hueck & Co.

  • Hyundai Mobis

  • Michelin

  • Osram Light AG

  • Panasonic Corporation

  • Pioneer Corporation

  • Robert Bosch GmbH

  • Goodyear Tire & Rubber Company

  • Yokohama Rubber Co., Ltd.

  • Visteon

  • auto zone

For more information on this report, please visit https://www.researchandmarkets.com/r/xa1e26.



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